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Dec 11, 2012
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china, obvioussy, has plans to fix all of that with a little help from the american taxpayer and, of course, the president. wile we focus on the fiscal cliff negotiations, or more appropately the iasse many our state governments aren't in much better shape. state pensionsystems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almt $4 trillion. leading is california witmore than $370 billion in unfunded pension liabilities, only 47% are currently fued. a pension debt per household in california of aost $30,000. illinois close behind, $167 billion in unfundedliabilities, 28% funded, and th state pension debt per household amounting to over $34,000. in municipal bonds illinois sold over $5illin bonds this year making it the third biggest debt issuer in the first tee arters this year. california and new york, numbers e and two with. the issue of unfunded pension liabilities with the passage of right-to-work laws is a subject that i'm going to be taking up with our next guest. -@mallory fctor, author of can the bestseller, "shadow boxes: government nioos cont
china, obvioussy, has plans to fix all of that with a little help from the american taxpayer and, of course, the president. wile we focus on the fiscal cliff negotiations, or more appropately the iasse many our state governments aren't in much better shape. state pensionsystems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almt $4 trillion. leading is california witmore than $370 billion in unfunded pension liabilities, only 47% are currently fued. a pension...
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this is at a time when we have china with its massive force expansion, building a world capable force projecon capability. we have the russians modernizing the russian forces. we still have the iranian problem totally unresolved, north korea always aflashpoint. look at the middle east. anything far from being settled there. and let me take that navy as an example, which will be illustrative of the other forces and what it will do to the navy. it will take the navy and drive it down to the smallest force it has had since prior to world war one. not world war ii, lou. world war one. lou: you know, i'm sorry, admiral. when governor romney said that, pointed that out to president obama in the debate, he was -- we had horses and bayonets, too. he seemed to make light of that. how important is it? can you give us a sense of the impact? >> i think the president's comment is showing his inexperience in military matters. in this particular case we are going down to 220 ships. to put that number in perspective, i had 2505 ships under my command in the pacific flees. 20 percent of those 220 ship
this is at a time when we have china with its massive force expansion, building a world capable force projecon capability. we have the russians modernizing the russian forces. we still have the iranian problem totally unresolved, north korea always aflashpoint. look at the middle east. anything far from being settled there. and let me take that navy as an example, which will be illustrative of the other forces and what it will do to the navy. it will take the navy and drive it down to the...
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china istrying back. so you have three major underpinnings well these idiots are doing what they're doing. lou: okay. as always to agree to talk to you. at the box office, vampires in love. james bond with a slow holiday weekend. entertainment twilight finale pulli in 17 million. tops of the box office. the twilight saga breaking don part two has mad more than $700 million worldwide. the latest bond flick making another 17 million. pulled in just about 870 million wodwide. the richest total ever in this series. coming in third. thirteen and a half million dollars for the weekend. up net, the fiscal cliff. a proposal of his own. the president. what does he think? is it a joke? we will take it up with michael ramirez in just a moment. is our population at risk? a super bug now plaguing this nation's health care facilities. we are joined to assess the threat and the prospects or a public-health response next. ♪ lou: we do not want to the frightened or concern anyone with these new reports but we think the
china istrying back. so you have three major underpinnings well these idiots are doing what they're doing. lou: okay. as always to agree to talk to you. at the box office, vampires in love. james bond with a slow holiday weekend. entertainment twilight finale pulli in 17 million. tops of the box office. the twilight saga breaking don part two has mad more than $700 million worldwide. the latest bond flick making another 17 million. pulled in just about 870 million wodwide. the richest total...
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Dec 12, 2012
12/12
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lou: general electric ceo jeffrey immelt said that -- is good for china, here he is on bloomberg tv. >> but, their government works. you know they get things done, they have 5 year plans, i tell our team, read the 12-5 year plan, the segment we're in what they are doing makes since in the chinese context. lou: remind you, immelt is president of the president's job council. new government data suggests that a massive exodus from high tax state of california. california lost 100,000 more residents than it gained last year, more going to more business-friendly. business-friendly, states like texas. and california public employees have highest salaries in the 12 most populous state, earning on average $60,000 a year. >> major victory for gun rights advocates, a court struck down a ban on carrying weapons in the state of illinois, they rule that ban is unconstitutional. >> former nfl commissioner paul tag leah buhas overturned the saints suspension. he found three of the four engaged in conduct but said that the coaches and front office are to blame. for what he called the cash for hits p
lou: general electric ceo jeffrey immelt said that -- is good for china, here he is on bloomberg tv. >> but, their government works. you know they get things done, they have 5 year plans, i tell our team, read the 12-5 year plan, the segment we're in what they are doing makes since in the chinese context. lou: remind you, immelt is president of the president's job council. new government data suggests that a massive exodus from high tax state of california. california lost 100,000 more...
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Dec 15, 2012
12/12
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crude oil and news of an increase of industrial production in china and the united states. a barrel of oil now just under $87. eighteen days from the fiscal cliff. the president looking back, addressing claims that he wants to create a socialist system in this country. the president saying if he had been president 25 years ago, there would be a shockingly different view of him and his politics. >> the truth of the matter is that my policies are so mainstream that if i had said the same policies, i have had been considered a moderate republican back then. lou: i don't know whether he believes that or not. it is great have a team with us. >> i'm not sure he could have gotten elected 25 years ago as a kid. obviously, he was pretty social step backward in time. lou: he says he has outgrown all that. >> by the definition of what you are, he is pretty left-sided as far as i'm concerned the. lou: the idea that the president came back in the so-called negotiations. it is either a farce of this process or whatever you want to call it -- but telling speaker boehner that all he really
crude oil and news of an increase of industrial production in china and the united states. a barrel of oil now just under $87. eighteen days from the fiscal cliff. the president looking back, addressing claims that he wants to create a socialist system in this country. the president saying if he had been president 25 years ago, there would be a shockingly different view of him and his politics. >> the truth of the matter is that my policies are so mainstream that if i had said the same...
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more departure of high-tech immigrants from the united states returning home to china. lou: democrats to feed the stamp act, science, technology, engiering, and mathematics. immigrants into this country who deserve it and to we desperately want to have your while we throw open our borders and our airports to people who are, for the most part, the majority of those illegal immigrants are not even high-school educated, lacks skills, like education. my go. and they do so rejecting that law, that bill and prevent it from becoming law because they want to have a lotte. for crying out loud. the absurditiompound themselves. >> in general we have to recognize that the individual entrepreneur with special skills and contributions to american produce all the jobs, and they are the ones who are getting rich, who are punished by any increase in marginal tax rates. the already rich -- lou: what about the young man woman in this country who is not an entrepreneur, is not a big shot, is not in middle management in a big corporation. theyon a break. they won an opportunity. they want t
more departure of high-tech immigrants from the united states returning home to china. lou: democrats to feed the stamp act, science, technology, engiering, and mathematics. immigrants into this country who deserve it and to we desperately want to have your while we throw open our borders and our airports to people who are, for the most part, the majority of those illegal immigrants are not even high-school educated, lacks skills, like education. my go. and they do so rejecting that law, that...
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Dec 22, 2012
12/12
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proliferation about half the area, wrong and dealing with russia on arms control and missile defense, wrong on china. i could go on, but i think that -- lou: we are about to run out of countries. >> the president got what he wanted. it will be more of the same. lou: to you agree? >> i think it is a pretty good choice. he won the election. he gets to choose. confirmed pretty readily? represents a sort of mainstream of american foreign policy, a little bit less for me, but not as far left as the first joist. lou: interesting, john mccain and others came out with really unreserved suport for senator kerry. let's turn, if we may, to the failure in benghazi. and this report looks to me, i no there are varying views on this. and other whitewash, it seems. >> and the misses the point. we know what happened before and during periods grew up some allies, cover-ups. to me with the important thing is, what happened afterwards, which is nothing. then never hunted down, retaliated, responded. look at what ppened to the original setember 11th. 1998, attacks on u.s. embassies in east africa and in 2000 attack on t
proliferation about half the area, wrong and dealing with russia on arms control and missile defense, wrong on china. i could go on, but i think that -- lou: we are about to run out of countries. >> the president got what he wanted. it will be more of the same. lou: to you agree? >> i think it is a pretty good choice. he won the election. he gets to choose. confirmed pretty readily? represents a sort of mainstream of american foreign policy, a little bit less for me, but not as far...
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Dec 18, 2012
12/12
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of debt in foreign hands risen by a not so modest 78% to a record $5.5 trillion of foreign holders, china number one followed by japan, bril disa, -- brazil, a assistant third. the cliff negotiations, speaker boehner's offer of a tax rate hike for those making more than a million a year, and speaker boehner reportedly also willing to postpone the debt ceili issues for at least a year, unclear how. ite house aides cite it as progress. joining us lou lehr man, american historian, and great american. >> great to be here always, lou. lo this is wonderful to watch. the equity market responds at just the suggestion that the two men are actually talking, if talking by one another. what are your thoughts? >> well, he fearand trem ling -- trembling that's spread all over the untry and the world about american falling off thecliff, and thus a recession in the united states, the biggest economy in the world, can cause a temporary spurt in activity; however, it shouldn't be forcen freeding this was the federal reserve's qe4 announcement, a trillion dollars in a single year, recreation of new money, m
of debt in foreign hands risen by a not so modest 78% to a record $5.5 trillion of foreign holders, china number one followed by japan, bril disa, -- brazil, a assistant third. the cliff negotiations, speaker boehner's offer of a tax rate hike for those making more than a million a year, and speaker boehner reportedly also willing to postpone the debt ceili issues for at least a year, unclear how. ite house aides cite it as progress. joining us lou lehr man, american historian, and great...
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Dec 14, 2012
12/12
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we are also assessing what is going on with china, but it appears that there is a broadening acknowledgement that the days of a sob are nearing an end. your thoughts? >> i think this statement by russian deputy foreign minister is quite significant. this is the first visible sign the russians think that he cannot be saved. there has never been any doubt about that. if he is about to lose power throughout the country and the opposition takeover, the russians have to be very worried about their naval base, the direction and new government will take, what this means for their position in the middle east as a whole. i hope they don't decide it will go after somebody like mohammad morrissey. lou: is there any possibility in your mind what we are watching is a bit of a ruse? that there is a deal and that russia is just simply letting events transpire to persuade others that they simply lost this when in fact they have assurances from the u.s. for their naval base and for continued representation, presence in the region? >> it is possible, but it does not look like it. there's no indication that ir
we are also assessing what is going on with china, but it appears that there is a broadening acknowledgement that the days of a sob are nearing an end. your thoughts? >> i think this statement by russian deputy foreign minister is quite significant. this is the first visible sign the russians think that he cannot be saved. there has never been any doubt about that. if he is about to lose power throughout the country and the opposition takeover, the russians have to be very worried about...